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20120928
20121006
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in august grew to the highest level in more than four years. the slowdown in china's economy is taking on a toll on australian exports of iron ore and coal. officials at the australian bureau of stamm sticks announced it rose to $2 billion. looking in detail, exports fell to about $25 billion. that's down around 12% from a year ago in australian dollar terms. imports stood at about $27 billion. that's up 6% from the previous year based on a similar australian dollar comparison. last month the australian government downgraded the estimates of annual exports of iron ore due to the decline and demand from china am. >>> japan's new finance minister is it urging the passage of the >>> a japanese mining company has succeeded in extracting shale oil for the first time in the nation. a technician of the japan petroleum exploration showed black crude oil in a plastic at the oil and gas field in akita prefecture on oil. shale oil is contained in hard rock layers deep underground. engineers started to drill on monday pumping acid 1800 meters into the ground to dissolve the hard bedrock. they will
of economy, tray, and industry, which was promoting atomic energy. the japanese government has given the nra a mandate to create an organization that will regulate power companies effectively and independently. for more on this story i spoke earlier to nhk world's hajime okada. what's different about the nuclear regulation authority? >> the nra is designed to be independent from the government, a stage that's defined by law. its members were appointed by the prime minister. also, some members include a former ambassador to the united nations and a seismologist as well as experts in the field of nuclear energy and radiation. >> will this be enough to guarantee the nra's independence? >> not really. the nra is now under the umbrella of the environment ministry. this means politicians and bureaucrats will still have influence because they control the agency's budget. and that issue is a composition of the nra's task. more than 80% of its employees come from previous regulatory bodies. to prevent conflicts of interest, the government says nra employees will be prohibited from moving or returning
the economy. the reserve bank of australia is worried about the fallout from slowing growth in the world. the rba decided on tuesday to lower the benchmark rate by 0.25 percentage points to 3.25% effective on wednesday. over the past five mos, it has cut the rate by a total of one percentage point. in a statement, governor glen stevens expressed concerns about the effects of austerity programs in europe and slower growth in china, which is australia's major iron ore importer. he said the country's labor market has softened somewhat and that its growth outlook for next year has become a little weaker. >>> the u.s. federal reserve chief says he'll keep pumping money into the economy. chairman ben bernanke says this round of quantitative easing will continue until he sees an improvement in the job situation. >> we would continue securities purchases and employ other policy tools until the outlook for the job market improves substantially in a context of price stability. >> bernanke said the country's economy is improving but not fast enough to reduce unemployment. fed officials decided last
and fiscal policy minister. seiji maehara has been advocating aggressive monetary easing to get the economy out of deflation. after the two-day meeting through friday, the policymakers shared the view that personal spending remains steady as the jobs situation is improving. but they agree that output and exports by manufacturers, one of the main drivers of the japanese economy, are relatively weak due to a slowdown in the chinese and other economies. they also concur that companies are cautious about the business outlook. the policymakers implemented additional monetary measures in september. they included expanding to about $1 trillion the funds available to buy government bonds and other assets. they unanimously agreed to keep the monetary measures unchanged to wait and see their effects. maehara was the first cabinet minister in nine years to attend the boj policy meeting. >> translator: i have a sense of crisis about the continued strong yen and japan's inability to get out of deflation. i wanted to convey my view to the bank of japan by attending the meeting. >> he said the bank of jap
. u.s. president barack obama and his republican challenger, mitt romney, debated the economy, health care, and the role of government. their debate took place in colorado, one of the battleground states that could decide the election next month. nhk world's mami mochizuki reports from denver. >> reporter: this could turn out to be the most scrutinized event in the election. the first televised debate ahead of the november vote. for both candidates, risks are high. >> president obama and governor romney. [ applause ] >> reporter: americans got their first chance to size up the candidates side by side. they've watched the incumbent for four years. barack obama came into office promising to lead a turnaround. but economy growth has been sluggish. still, he leads in a number of polls, but only just. >> the only way to meet governor romney's pledge of not reducing the deficit, or not adding to the deficit, is by burdening middle-class families. now, that's not my analysis. >> reporter: mitt romney has tried to make the case that his business experience prepares him to lead a recovery. but
Search Results 0 to 4 of about 5